Toronto, Ontario--(Newsfile Corp. - May 3, 2022) - Bluesky Digital Assets Corp., (CSE: BTC) (CSE: BTC.PR.A) (OTCQB: BTCWF) ("Bluesky" or the "Corporation") released today a summary of its Audited Financial Statements for year ended December 31, 2021. Key highlights include:
Total Revenue from the Corporation's Digital Currency Mining operations significantly increased to $3,726,203 CAD in fiscal 2021 from $665,533 CAD in fiscal 2020. Fiscal 2021's total represented a significant increase of 460% over fiscal 2020's total.
Total Gross Profit from the Corporation's Digital Currency Mining operations significantly increased to $2,165,661 CAD in fiscal 2021 from $74,764 CAD in fiscal 2020. Fiscal 2021's total represented a significant increase of 2,796% over fiscal 2020's total.
Site operating costs, which includes electrical & bandwidth for the Corporation's Currency Mining operation amounted to $1,560,542 CAD in fiscal 2021 from $590,769 CAN in fiscal 2020 representing an increase of 164% over fiscal 2020's total.
The Corporation mined an average of $310,517 CAD per month in Digital Currencies in fiscal 2021 vs. the $55,461 CAD per month average that was achieved in fiscal 2020. Fiscal 2021's monthly mining average total represented a significant increase of 460% over fiscal 2020's total.
Total assets amounted to $8,530,287 CAD in fiscal 2021 after factoring in deprecation on equipment which amounted to $1,401,445 CAD. The total assets of $8,530,287 CAD recorded in fiscal...
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